Vietnam’s investment overseas to rise in 2011

Vietnam’s overseas investment capital is estimated to reach US$1.5-2 billion in 2011, of which US$700-900 billion expected to be disbursed, said an official of the Ministry of Planning and Investment (MPI).

Head of the MPI’s Foreign Investment Agency Do Nhat Hoang emphasised the need to monitor overseas investment activities to reasonably regulate the capital flow to stabilise the economy.

In 2010, Vietnam had 107 investment projects in 25 countries and territories with combined registered capital of US$2.926 billion. Disbursed capital totalled around US$900 million, of which over US$700 million was in the mining industry, US$70 million in agro-forestry and fisheries sector and distribution and retail sector accounted for US$53 million.